WEDNESDAY 08/04/15 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 8TH APRIL 2015

Hi all,

Recap ….

Intraday wise …. I banked 15 points in ES today.

I have 2 longs in oil, 1 short in Dax, 4 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 30/03/2015.
It is now negated after DAY5.

KTS
We have a KTS5 triggered at close on 19/03/2015.
It is now negated after DAY7.

SYSTEM BDIP

We have a BDIP triggered at close on 02/04/2015.
TODAY IS DAY3.

DAY1… We got a low of -22.00.
DAY2… We got a low of -7.25.
DAY3…
DAY4…

We have a BDIP triggered at close on 30/03/2015.
It is now negated after DAY4.

DAY1… We got a low of -19.00.
DAY2… We got a low of -25.50.
DAY3… We got a low of -9.25.
DAY4… We got a low of -22.00.

DDUD
We have a DDUD season triggered at close on 06/03/2015.
It is now negated after DAY10.

SYSTEMS TRIGGERED

ESL3 ND (KHC-5)
SHOULD GIVE A -3

SYSTEM ESG (KHC+3)
SHOULD GET +3 MINIMUM, CAN GO TO +5,+7,+10.

SYSTEM ESH1
MORE CHANCE OF UPSIDE THAN DOWNSIDE, USUALLY TRADE -VE AT SOME POINT, NORMALLY GET +3, IF NO +3 THEN RARELY CLOSES AT LOWS, DOWNSIDE UNSUSTAINABLE. CHANCES OF +5, +7 ALSO. ALSO THE CLOSE CAN BE VERY ERRATIC. AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A +3 THE NEXT DAY

SYSTEM ES8 (KHC+3)
MORE CHANCE OF UPSIDE THAN DOWNSIDE. USUALLY GIVES A +3.

SYSTEM SPXG
More chance of upside than downside. Usually get +3,Trading > +3 SPX = chances of +5, +7,+10. Could also gap up open.

SYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTH

Spoos closed at 2068 (basis Jun)

K+3 = 2071

K-3 = 2065

Conclusion

We have 1 KHC-5 & 2 KHC+3 SYSTEMS in play.

We have a BDIP DAY3 in play.

Plan your trade, trade your plan!

[Qman]

Can you confirm KTB did not negate?

ESG / SPX combo is normally pretty bully if I remember correctly?

[Khalsa]

Sorry mistake above KTB has been negated,  will correct the post1.

Plan your trade, trade your plan!

[MAURITIUS]

Usually that combo is yes. Last one did plus 5 or 6 and tanked though….

[Khalsa]

Absolutely right Q and normally I would rave above ESG/SPXG combo.

It is bully yes and can give a +7/+10 also and even be SU.

However it is not for me this time (and you know I have been longing whenever nescessary)

 

Plan your trade, trade your plan!

[Khalsa]

So same game again for me, short near open and then close later in the day?

Plan your trade, trade your plan!

[Qman]

But scared of the the ESG/SPX combo – resistance still 2080?

[Khalsa]

Yes Q, 2080/3 tops, otherwise its back to circa 2100

Plan your trade, trade your plan!

[Khalsa]

You are right to be scared Q, maybe a last hoorah as KTB negates with ESG/SPXG.

However we closed at 2068 so it can rally 15 points to 2083 for that, which is acceptable.

Lets see their plan later, thats when it counts

Plan your trade, trade your plan!

[Khalsa]

lol ESG/SPX combo goes straight for a +9 print out of the gate

Bunch of jokers

Plan your trade, trade your plan!

[Khalsa]

Right guys I have seen enough to realise this could drive me nuts.

My plan remains of resistance 2080/3 MUST HOLD and 2067/70 is support and if 2067 can break down it can start downside again.

I have just booked tickets to the Gadget SHow 2015 at the NEC for tomorrow and may make an early start shortly and stay overnight close by.

First resistance is 2077/8.

Plan your trade, trade your plan!

[Qman]

Plan to short 2080 was a good ‘un but hesitated and missed it

[Khalsa]

Sorry to hear that Q. If it hit 2080 then my limits to short may have been hit.  I can’t check now as I am driving.

Plan your trade, trade your plan!

[smashie212]

Qman wrote:

Plan to short 2080 was a good ‘un but hesitated and missed it

Pinky and perky are in town, u may get another bite at the cherry.

[Qman]

I think high offer was 2080.13 so might have missed your limits Kman.

You could be right Smash – FOMC minutes today too, is that later?

[Author]

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